Manzanitas De Chijipata Alto Group

The communal bank “MANZANITAS DE CHIJIPATA ALTO” will be starting its first cycle with Pro Mujer, as part of the Copacabana centre. It is made up of ten members and is run by a board of directors of which Gregoria is the President. The members of the communal bank run businesses selling milk and some of them support themselves by weaving blankets.

The loan they will take out will benefit small businesswomen of which Gregoria is a member. She says this is the first time she has joined Pro Mujer, after being invited by a promoter from the institution who went to visit her in her home. Currently she has a business selling cheese and milk and she says she learnt the business from her parents as this was the family business. When she began studying for a career she decided to set up her own business to finance herself.

The loan she will take out is to increase capital to buy animal feed, which she will buy from the communities in the La Paz department. She will feed this to her animals so she can produce her dairy products. This kind of work allows her to generate income for her studies, since she is single.

When asked what she likes about Pro Mujer, she says she likes the loans and the training which the institution offers.

Additional Information

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.